Tangible Personal Property Tax

Tangible Personal Property Tax Data
Reduction in Value and Amount Reimbursed for the $10,000
Exemption,
by County, Calendar Year 1985

This table shows the reduction in taxable value in each
county resulting from the $10,000 tangible personal property
tax exemption. Also shown is the amount reimbursed by the
state to each county to compensate them for the local
tangible personal property tax loss. This exemption applies
to the first $10,000 of taxable value for each company in
Ohio. The local revenue loss caused by this exemption is
completely reimbursed by the state.

The total reduction in taxable value caused by this exemption
in 1985 was $907.3 million. The total amount reimbursed to
local governments for the taxes that would have been levied
on this property amounted to $52.6 million.

The reductions in value shown on this table were compiled
from abstracts filed by each of the 88 county auditors with
the Ohio Department of Taxation, Tax Equalization Division.
The data on the amount reimbursed to the counties are the
amounts certified for reimbursement by the county treasurers.